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Octafish

(55,745 posts)
5. Pope Francis restructured the Vatican Bank. Which is more than anybody did for Wall Street.
Tue Sep 15, 2015, 06:15 PM
Sep 2015

Not that he could appoint anyone to go after Banksters, but I'd trust him to. Reason why from the great DUer malaise.



Can Pope Francis clean up God’s bank?

by Paul Vallely
The Guardian, 13 Aug. 2015

EXCERPT...

At 6.30 on the morning of 28 June 2013 – just three months into the reign of Pope Francis – officials of the Guardia di Finanza, the Italian law enforcement agency for financial crime, pulled up in front of a rectory in Palidoro, a quiet seaside town west of Rome. When they rang the bell, the cleric who came sleepily to the door was informed that he was under arrest. A few hours later, wearing a well-cut grey suit, Monsignor Nunzio Scarano was shown into a cell in the Regina Coeli, Rome’s most overcrowded prison.

Scarano, a suave, handsome priest known for his extravagant lifestyle (his nickname among other priests was Monsignor Cinquecento, My Lord Five Hundred, because of his habit of carrying only €500 banknotes), was head of accounting at the Amministrazione del Patrimonio della Sede Apostolica (APSA) – the body that then managed the Vatican’s property holdings and controlled its purchasing and personnel departments. His arrest made front-page news. He was accused of trying to smuggle €20m on a private plane across the border from Switzerland in a money-laundering conspiracy involving the Vatican bank, an agent of Italy’s secret services and an Italian broker under suspicion for running a Ponzi scheme.

Doubts about Scarano had first been aroused six months earlier, when he had reported a burglary at his apartment in the city of Salerno, south of Naples. Paintings from his art collection had been stolen, he claimed. When the police arrived at the 17-room apartment on Via Romualdo Guarna, in one of the city’s wealthiest neighbourhoods, they were startled by its opulence. It was furnished with valuable antiques, and a spectacular display of art lined the walls in hallways divided by Romanesque columns. Scarano’s collection included a painting attributed to Chagall. Police reports estimated the missing artworks were worth €6m.

But the Scarano scandal had much wider implications. Investigators suspected that he had been operating APSA as a “parallel bank”, through which Italian VIPs could avoid taxes and the mafia launder the profits of illegal activity. Scarano denied it all but, just a few days after his arrest, two of the Vatican bank’s three top officials suddenly quit their jobs.

CONTINUED...

http://www.theguardian.com/world/2015/aug/13/can-pope-francis-clean-up-gods-bank



Paying fair share of taxes on what had previously been skimmed by who knows what is great for democracy, as well as the Church.

I really like the Pope's message. How much is the Vatican sending? NCjack Sep 2015 #1
Pope Francis restructured the Vatican Bank. Which is more than anybody did for Wall Street. Octafish Sep 2015 #5
Impressive. How much is the Vatican sending? A Catholic fund raiser for NCjack Sep 2015 #10
Great question. Write to the Vatican and ask. Octafish Sep 2015 #11
OK -- I am. /nt NCjack Sep 2015 #15
His Eminence just went further down on Pat Robertson's s**t list. lpbk2713 Sep 2015 #2
How many cathedrals will he convert to mosques? JustABozoOnThisBus Sep 2015 #3
The Archdiocese of NY is the largest non governmental real estate holder in NYC, so when do they Bluenorthwest Sep 2015 #4
That's nice, but I'd prefer a different wording. Erich Bloodaxe BSN Sep 2015 #6
Can you give us a f'r instance of "preaching politics from the pulpit"? gratuitous Sep 2015 #12
Is your pastor suggesting specific people to you to vote for? Erich Bloodaxe BSN Sep 2015 #14
That would be nice. Nt abelenkpe Sep 2015 #7
I'd rather you have to pay taxes on your property Shoulders of Giants Sep 2015 #8
Yep. Arugula Latte Sep 2015 #17
How about all organizations. Igel Sep 2015 #18
False equivalency. Shoulders of Giants Sep 2015 #20
Some guy named Jesus once said... Xolodno Sep 2015 #9
They should pay taxes regardless if they use it for religious purposes Major Nikon Sep 2015 #13
Here's an idea: Open the Vatican coffers and give away all the gold to refugees. Arugula Latte Sep 2015 #16
As a long-lapsed Catholic, I gotta say, I really like this pope. Stinky The Clown Sep 2015 #19
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